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20130329
20130406
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FBC 23
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English 23
Search Results 0 to 22 of about 23 (some duplicates have been removed)
FOX Business
Apr 3, 2013 7:00pm EDT
, the washington post reports that obama administration pushing banks to give out more home loans to people with weaker credit. did not one of them pay attention to what happened? do they not study history? doe they not understand anything? the reasoning? the housing rebound has left too many people behind. this sounds a little bit, just a little bit like well president clinton. like president bush. gosh, i want inch to have money to buy a house, but they don't. it's hard to disagree with the sentiment. but we've seen what happens when people think in terms of sentiment rather than solution. the market is improves. but here is another view on houses right now. 28% of all homeowners, in this country are still owing more than their homes are worth. the mortgage delinquency rate, on all loans is 7.4%. that is better than what it had been over 10%. just two years ago. but it is still not good. and more than 1.8 million properties in this country received foreclosure filings last year, 1.48 million remain in some stage of foreclosure. and president obama, folks -- i don't know what to say about
FOX Business
Apr 3, 2013 1:00pm EDT
washington. peter? >> that's right. sources confirm the obama administration launched a broad push to get mortgages to people with weaker credit records and provide banks with a taxpayer guarantee that they won't make their payments. sources say the administration is working with banks, the federal housing administration, the justice department, and other agencies to help home buyers with lower credit scores, but who might not be able to make mortgage -- who might be able to make mortgage payments now, but can't qualify because the bank is still cautious and tight with the lending standards. critics worry is sews seeds for another financial crisis and taxpayer bailout. >> this is a bad mistake, and it was shown to be a bad mistake by what happened in 2008. we would not have had a financial crisis if we had not followed policies that were intended to increase home ownership by making financing available to people who otherwise would not be able to get mortgages. >> the boom and bust were not caused by providing 30-year fixed rate mortgages to generally qualified families. it was caused by
FOX Business
Apr 4, 2013 7:00pm EDT
's in your wallet? lou: the obama administration under increasing fire for how this handling the sequester cuts according to the "washington post" thousands of cancer patients are being denied treatment for cancer clinics all across the country because of sequester cuts to medicare. the administration blaming republicans for sequester but the clinics aren't buying that. they say the obama administration has chosen to oppose the cuts and expensive chemotherapy drugs instead of on the surface side they could absorb the cuts or make do with fewer nurses and that coming from the cancer clinics themselves. more outrageous ways to taxpayer dollars, weekly standard senior vomiting this program rewarded more than $420,000 grant to indiana university to study the correct use of condoms. the research we are told has been completed. scientist have not released those long-awaited findings, but a government website confirms the study did not result in the creation of a single job. hundreds of fast food workers in new york walked off their jobs calling for higher wages and the power to organize a union.
FOX Business
Apr 3, 2013 11:00am EDT
washington. peter? >> hey, cheryl, that's right. sources confirm the obama administration launched a broad push to get mortgages to people with weaker credit records to help them and housing market as interest rates are at record lows. critics worry it's reviving the risky lending practices that created the financial crisis, but the administration, according to the sources, is working with banks, and the federal housing administration, the justice department, and other agencies to help people who want to buy a home, and they may is a lower credit score right now, but they might be able to make a mortgage payment, and they can't qualify because banks are still being very cautious and tight with their lending standards. >> it's very important for lenders to underwrite carefully and make sure that a person can afford the loan across the entire term of the loan. this effort does nothing to change that. all it does is loosen the credit a little bit to get it to more people who can afford a loan. >> unless we understand what caused the 2008 financial crisis, we're going to make the same mistake
FOX Business
Apr 3, 2013 9:00pm EDT
get the check. who want to make sure it happens. president obama is pushing for everyone to own a home, even if they cannot afford it. no one in washington learned the lessons of the housing crisis. for more let's bring in lou dobbs. lou, this is one of our favorite topics the -- >> of favorite topic. he combines two of those old adages. the government is here to help and the check is in the mail. i think in the incense of the fha and this call by the obama administration for them to lower their credit standards, it is almost incomprehensible that this demonstration, no matter -- suppose no one is more critical of this a administration and i am, but even i am stunned by the stupidity of the statement. we are just coming out of the worst economic crisis since the depression. it is certainly without any qualification whatsoever the fault of the agency's that permitted this securitization of mortgages. and they're at it again five years out from the death of the crisis. the. gerri: the administration say we will let holder fee to the fire of these people go belly up. the government is so
FOX Business
Apr 1, 2013 8:00pm EDT
getting from crowd in washington for last 12 years. charles: we're getting closer, a lot of people felt president obama more or less buying votes pushing that deal. what would make this a bad deal for the american people? >> well, a bad deal for american people is millions of people coming into this country, and continuing social welfare bilking as we have now. i know. a bad dial for americanss -- del would be we have how many people out of work? how many millions, and we're going to add to that job waiting list? a bunch of influke of workers coming here, and taking american jobs, one good thing that become out of this is securing our borders. i am curious why this is not something that a lot of folks are not talking about. i think that republicans should be pushing hard for that. charles: ironic that mccain was at the border and saw someone jumping over last week. to you, michelle, feels weird, we send people back to their home krein country to set up soe firms and their own business, should that be a tral part. >> we want to keep those people here in this bad economy we want people w
FOX Business
Apr 1, 2013 7:00pm EDT
. ♪ lou: president obama questioning his ability to play. the president shooting baskets after the easter egg roll with members of the washington wizards, children, the president taking 22 shots. he missed 20 of them including an air ball, to missed layups. i'm not going to be overly critical of the skills. the president not fearing to much better in his n.c.a.a. bracket well, they went away. as we 16. joining us now, the "a-team," former reagan political director , democratic strategist robert zimmerman, author, radio talk-show host of fox news contributor who has -- >> they can't even agree i swear i think republicans would sign off on a bull that is being pushed by senator schumer and president obama. >> and patrick leahy is the chairman of the senate judiciary committee. >> something is serious and complicated as i ration reform should not be done in haste, nor should it beedone in secret which a lot of this is going on. rubio and others are saying, if really going to start down this path we have to make sure it's done in a transparent way so that the american public can judge for the
FOX Business
Mar 29, 2013 7:00pm EDT
, president obama telling congress that this proposal should not be a partisan issue. >> this should not be a partisan idea. you know, i know washington people just like to argue. i guess it gets them on tv. but the fact is, you have the chamber of commerce and the afl-cio agreeing to a better infrastructure, knowing that it will of both businesses and workers. if you have a chamber and the unions agreeing and the politicians should be allowed to agree, to. lou: in other words, he just wants everyone to agree because the chamber of commerce and the afl-cio do so. not every american, mr. president, want to follow the lead of the chamber of commerce or the afl-cio. and on at least one level mr. obama is right. it should not be a partisan issue because neither political party should be calling for higher spending when the federal government is running almost trillion dollar deficits and the national debt amounts to almost $70 trillion. that does not seem to me to be a partisan issue and all, just one of common sense and good judgment and responsibility. the center of the president's pla
FOX Business
Mar 29, 2013 9:20am EDT
it went. stay right there, monica, because president obama met with sandy hook families and other relatives of the shooting in washington as he continues his push for new gun control laws. i want you to take a listen. >> shame on us if we've forgotten. i haven't forgotten those kids. shame on us, if we've forgotten. charles: republican lawmakers are saying they will filibuster any new restrictions on guns that democrats put forward. we've got senator rubio who said, quote: we should work to reduce tragic acts of violence by addressing violence at its source including untreated momental illness, the lack of adequate information-sharing on mental health issues and the breakdown of the family, end quote. monica, what's your reaction? >> two senators have now said they will filibuster any gun control bill that comes to the floor, because it has a tendency to go beyond the prescribed things in the bill and really become infringements on the second amendment. but the political problem here for the president and other left-wing supporters of gun control is not the republicans, it's the d
FOX Business
Apr 1, 2013 4:00pm EDT
of money back. we'll talk about that coming up this hour. president obama last hour announcing his intent to nominate brian deese. deputy director of the office of management and budget. liz: peter barnes joins us from washington. he knows a little bit about brian. >> that's right, guys. brian has been one of the president's top economic advisors over at the white house, one of his deputy as an the national economic council working with gene sperling and others over there. he has been a long time advisor to president obama coming aboard when the president took office back in 2008. and helping him with a number of financial rescue programs as well as the rescue of the auto industry and all the billions of dollars in loans to detroit to try to help save the auto industry. and i have interviewed brian in the past and talked to him on the phone from time to time. very, very sharp guy. so the president is changing over the team over at the office of management and budget. he nominated as you recall, silvia matthews burrell, head of wal-mart foundation to be director of omb. now he is bringing
FOX Business
Apr 5, 2013 7:00pm EDT
jobs numbers caused the market stumble. his assessment of the obama economy. lori: welcome back. good friday evening. i'm lori rothman, filling in for lou dobbs on assignment hosting an awards dinner in washington d.c. the dedicated to helping disadvantaged young people overcome adversity through hard work and determination by providing academic scholarships and mentoring programs. lovely evening. can't wait to hear more about it. a tough day for economic news. well of the worst levels of the session. lost 41 points. the s&p down seven. now on the week, the comeback at the end of the day felt just shy of a positive week with the index down less than a tenth of a percent. however, but the snb and nasdaq turned in their worst weekly losses of the year. s&p 501% and the nasdaq down 2%. boeing is completing the certification testing for its new battery system on that long troubled 787 dream liner. the data now goes to the faa. boeing stock up nicely on that news. prices rose up $23.50. oil fell to below $93 a barrel. treasurys, big move. the ten year down again, a new low for the year. fa
FOX Business
Apr 4, 2013 8:00pm EDT
hear what you are saying. but i'm talking about white house credibility. why that obama administration agenda stalled? is it because of the credibility issues? >> you know it is frustrating. you know businesses are not confident that what is coming out of washington -- all of the policymakers, white house and congress -- is something they did count on. this is the problem, they don't have confidence to invest back in their. and to know what their costs will be. you know businesses fundamentally take a multiyear time horizon in their planning, they don't know from -- when they don't know, as they don't know now what their costs will be because of government regulation, and taxiningation, y cannot plan, they cannot afford the risk of adding the jobs. liz: steve makes a great point, really, the white house saying spring break will slow job creation, come on, seriously? that is what they are saying is to blame? are you serious? come on. the medical device tax is going nowhere. there is little money now for infrastructure, $21 million verse what the president originally wanted. i think that
FOX Business
Apr 3, 2013 4:00pm EDT
of 17.2 billion, largely because of tightening lending standards, the obama administration is pushing lenders to make it easier for people with weaker credit to obtain home loans. liz: peter barnes is joining us live from washington, d.c. with more on this development. peter? >> that's right, liz and david. sources confirming that the administration is planning a broad push to get mortgages to people with weaker credit records, credit scores, and, provide them with a taxpayer guaranty. sources say the administration is working with banks, the federal housing administration and other agencies to modify government rules to help homebuyers with lower credit scores who might be able to make mortgage payments now but can't qualify because banks are still being very cautious and tight with their lending standards. critics worry all of this will just tee up another financial crisis and future taxpayer bailouts. >> it's absolutely incredible to me we are going again in the same direction so soon after the financial crisis, simply because the administration and many others have refused to acce
FOX Business
Apr 4, 2013 1:00pm EDT
in government policy. monday, washington base investment firm hype securities had a report predicting the obama administration would reverse course op big spending cuts that would have hit health insurers. they skyrocketed by 8.5%, a half hour later. the government announced the change in policy the report predicted. while the incident is throwing a spotlight on the controversial political intelligence industry, today's report by the investigative arm of congress concludeed the area is murky saying, quote, the prevalence of the sale of political intelligence is not known and therefore difficult to quantify. while currently little prevents lobbyists and washington insiders from gathering information, top congress could supplement existing gyps and laws to create stricter regulation. melissa: the washington post traveled the 1700 mile route and wrote about the experience in the recently published e-book, and, steve, what inspired you to do this? >> well, just seemed like a good way to bring this object to life rather than sit here and talk about whether or not this piece of paper was going to be
FOX Business
Apr 4, 2013 11:00am EDT
. president obama announced he'll return 5% of the salary in support of federal workers who will be furloughed. 5% is off the 400,000 take home pay equals $20,000. joining us from washington, d.c., what say you about this, mr. moore? >> great to be with you. look, it's a smart political move by the president. he was coming under attack from a lot of republicans for not being, you know, susceptible to same cut in salary that federal workers are, and i think this is a shrewd political move. members of congress should take a 5% cut. i'd permanently cut that pay by 5%. just in terms of fairness, and i hate to use that word, but i think it's a very good policy. dagen: in terms of the political momentum, how much does he get? when you say "shrewd," i think it means we'd have long lasting impact on the political pop pew particularity, think it will? >> maybe. it's a small gesture, but important. i applaud him for it. i'm not saying he's doing this for political reasons. i think he does feel kind of a brotherhood with the federal employees, and, look, i live in washington, d.c., people on my street ar
Search Results 0 to 22 of about 23 (some duplicates have been removed)